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Amato Exploration Ltd. Announces the Resignation and Appointment of CFO and Corporate Secretary

/THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES/

TSX Venture Exchange Symbol: AMT.HShares Outstanding: 40,486,656

TORONTO, Oct. 14, 2016 /CNW/ - Amato Exploration Ltd. TSX-V: AMT.H ("the Company") announces the resignation of the CFO and Corporate Secretary, Jacqueline Lilley. The Company thanks her for her outstanding work and wishes her the best of luck in her future endeavours.

David Molson has been appointed as CFO and Corporate Secretary to replace Ms. Lilley. David Molson has experience working as the CFO and Corporate Secretary for God's Lake Resources Inc. and is a Trustee for Sheridan Brothers Trust.

About Amato Exploration Ltd.Amato Exploration Ltd. is a North American exploration company based in Toronto, ON, Canada. We are currently focused on exploring for precious metals in North America.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

DISCLAIMERThis news release contains forward-looking statements which reflect management's current expectations regarding the Company's objectives, plans, goals, strategies, future growth, results of operations, performance and business prospects and opportunities. These forward-looking statements are not guarantees, but only predictions. Although the Company believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a number of factors that could cause actual results to vary significantly from current expectations. These factors and other risks and uncertainties are discussed in the Company's materials filed with the Canadian securities regulatory authorities from time to time, as identified in the Company's disclosure record on www.sedar.com. The forward-looking statements included in this news release are made only as of the date of this news release and the Company does not undertake to publicly update these forward-looking statements to reflect new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.